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Environmental Groups: Expansion at Summer Nuclear Could Cost Additional $10 Billion

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By Editors of Power Engineering

Environmental groups commissioned a report that indicates completing the two new reactors at V.C. Summer Nuclear could cost up to an additional $10 billion.

Sierra Club and Friends of the Earth will use that report in a presentation to the South Carolina Public Service Commission in October, the Charlotte Business Journal reported. The groups filed a petition last month asking the commission to stop spending on the project immediately, as it is not in the best interest of customers that may have to help pay for the expansion.

The project, undertaken by owners S.C. Electric & Gas and Santee Cooper, already has $9 billion spent or committed.

Mark Cooper of the Institute for Energy and the Environment at Vermont Law School and the author of the report, said SCEG hasn’t yet determined the final costs of the project, and the $10 billion is based on the worst-case scenario.

Westinghouse Electric, the contractor for the delayed Summer nuclear expansion, filed for bankruptcy this year after reporting $6 billion in losses. 

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